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WEEKLY 23-1-2023Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not moving in any direction. I can sense a big move ahead. Finance nifty is similar to Bank nifty and its major support levels are 18550 - 18600 and SL below 18500 levels Stocks to watch for positional view MINDACORP (breakout of triangle on weekly chart) Strict SL below 210 and TGT can be 256-268 INDIGO (Breakout abv 2070) SL below 2030 and TGT can be 2271 Godrejconsumer (Breakout of Ascending Triangle on weekly chart) SL below 900 and TGT can be 955-970 Stocks for Swing are SIEMENS SL Below 3000 tgt 3240-3320 SBIN SL below 575 TGT 610- 628 HAL SL below 2430 TGT 2564 - 2620 Previous Week Positions. LT -- TGT achieved mphasis stoploss triggered ABCAPITAL --- still open TGT 170+ SL below 138 TATACOMM ---- Still Open TGT 1460 SL below 1310 Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
NSE:BANKNIFTY1!
by purisonshuf
INDUSD still looks bearish20th oct 2021- 18598 has been the all time high for past 1 year now. since then price is in range bound till 15191. so from this low market seems to be bullish following impulse rules, until now 3 waves has been in line. for now I'm considering 4th wave is in making since the B wave cut pass wave 3 high and fell to 16646. which is a sign of bullish momentum and its also 0.618 of 3rd wave. but if we look close, though the trend seems bullish from 16646 still we can find only 3 wave structures. even if we consider it as a 3-3-3-3-3 structure. it doesn't look like a leading diagonal in any TF. so I would look for shorting from 18000 range. yet the price should not surpass 16646 to hold bullish momentum.
IShort
by mdrameezkhan24
1
Nifty View for Dec 01, 2022 - all stake at 18800Dear Friends, Market is hovering at 18800. 18842 is the first 15 minutes low and it coming to that levels and getting rejected. Nifty has very high open interest at 18800PE and 18900CE. So it is more likely to stay in between for a while. I would prefer to stay out of the market till it does not give any break out or break down of these levels. I am having a bearish view and looking at OI and charts it is not showing any minor confirmation of bearish trade to take. I am not going to trade in this market on bull side since I am enjoying a fear and once it come below 18800 and sustain their for 15 minutes then I will open my bearish trade. till then no trade. As and when I will take trade will update you all....
NSE:NIFTYLong
by mentalFalcon42780
NIFTY AND BANK NIFTY LEVELS FOR 8th NOVThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
NSE:NIFTY
by maverick_trader2002
Nifty Positional View Daily TFOn a Daily TF interesting swings have happened during the March month and volatility was huge which was witnessed during the month end expiry Typical M top pattern formation and the same is valid Though the closing was above the 14461 looks like some covering happened at last moment Buying seen during past two months were as not prominent as the selling pressure is clearly visible in the Daily TF where sellers are looking to dominate with good volumes Nifty has breached all the 9/21/30/50 EMA 50EMA acting as resistance Nifty if breaks the Gap zone marked in Yellow can touch 100day EMA ~14k Overall long term bullish we may see some corrections happening in Nifty till 14000 wait for the right time to buy
NSE:NIFTY
by Harshil_g
A change in short term view for Nifty is buildingA change in the FII view seems happening. They are gradually getting more bearish (atleast in short term). The week saw huge volatility of around 800pts. After opening at 10328 levels it saw a min of 9544 and closed at 9958 recovering around 400 pts. The low of 9544 is a strong support for this week and also the month. On the higher side 10150 is where resistance sits for this week. Though on the monthly front 10500 continues to hold the broader range. Bank Nifty also shows a wider range with 19000 and 22000 as the limits. However, the sentiment of Monday would confirm a narrowing of this range on the lower or higher side.
NSE:NIFTY
by Equity_Compound_2
2